College Students get the ObamaCare Shaft

Barack Obama making all sorts of great sounding promises at his State of the Union Speech, January, 2010.

Barack Obama is good at mesmerizing some people by telling them what they want to hear. Unfortunately, too few people investigate whether the President’s plans for America are probable or even possible.

“We will keep this promise to the American people – If you like your health care plan, you will be able to keep your health care plan – period.  No one will take it away no matter what.” — President Barack Obama, June 15, 2009.

“I guess if you like your coverage you really can’t keep it as millions of Americans have been finding out over the last month.” — Eugene Craig III, Student, Bowie State University

From Maryland’s Bowie State University website:

“Bowie State University has suspended offering health insurance for domestic students for the 2013-2014 academic year.  Due to new requirements of the Affordable Care Act which will go into effect on January 1, 2014, the cost of insurance for domestic students will increase to approximately $1800 per year.  If you were covered by the university health insurance last Spring 2013, your policy will expire on August 29, 2013.” 

Translation: Current student health insurance has been cancelled because (ACA) DemocratCare regulations have made it too costly to offer. Get ready: Your cost for student health insurance will be going up a lot next year because of the Affordable Care Act. (Oh the irony!)

Although young people voted overwhelmingly for Barack Obama in 2008 and 2012, his policies have been a disaster for them – including high unemployment and a crushing national debt that they will have to pay off in the future. It will come out of their paychecks in the form of taxes (that is, if they are fortunate enough to have a job). That’s what you get when you vote for “cool,” or skin color, or “hope” or for sweet talking politicians who make wonderful sounding promises that are not based in reality. The current problems we are seeing coming out of Washington will hopefully encourage young people to question the judgment of many of their teachers who overwhelmingly support President Obama and his big government “solutions.”

Smaller, more frugal government is the way to go kiddies. When government is least intrusive, when government taxes less from the private sector (yes, that includes “rich people”) then the economy will boom, jobs will be aplenty and a lot of the economic problems that America is facing right now will take care of themselves.

Barack Obama and the Democrat, liberal vision that seeks to regulate all aspects of human activity, that seeks wealth redistribution from the wealthy and the middle class to people who are poor (which includes some who prefer handouts to hard work, self-respect, and ambition) and that seeks some abstract form of “social justice” is crushing our economy. Their policies, the ones that most young people voted for, are the reason why jobs are scare, the labor participation rate is tanking, wages are stagnant, the national debt is $17 trillion, etc., etc. To understand why this is true read the post below from November 2nd on Frederic Bastiat.

I argue that if young people want to improve their prospects for the future they need to educate themselves on basic economics and American history. One book on economics that I would highly recommend is Henry Hazlitt’s Economics In One Lesson. For American history, History of the American People by Paul Johnson is a good place to start. Of course, anything written by our founding fathers will inform and enlighten.

Frotho

"The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups." -- Henry Hazlitt Photo: Mises Institute

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
— Henry Hazlitt
Photo: Mises Institute

Order the book from Amazon.com by clicking here.

Order Hazlitt’s book from Amazon.com by clicking here.

Sources:

http://campusreform.org/?ID=5235

http://campusreform.org/?ID=5239

http://www.bowiestate.edu/campus-life/henry-wise-wellness-center/student-health-insurance-plan-/ (Nov. 14, 2013)

http://bulldogcollegian.com/how-obamacare-is-hurting-bowie-state-students/ (Nov. 16, 2013

The Affordable Care Act or, Dr. Fuddystuff’s Travelling Miracle Wagon

Bad law is the worst sort of tyranny.
–Edmund Burke (1729-1797) Irish orator, philosopher, & politician.
From  A Speech at the Guildhall in Bristol, 1780.

Where you find the laws most numerous, there you will find also the greatest injustice.
–Attributed to Arcesilaus (ca. 316-241B.C.) Greek Philosopher

The mania to control to control everything by law, the attempt to control every action of every individual from the cradle to the grave. This is an outrage upon human intelligence, individuality and liberty.
–Dr. Edward H. Ochsner, Social Security, 1936

I wish people would stop calling the new health care law Obamacare. It should be more properly nicknamed Democratcare. After all, it was passed by a Democrat-controlled Congress and not a single Republican voted for it. The Affordable Care Act is a partisan law crafted by liberal Democrats. They own it. The American people need to be reminded of this fact over and over again as the next election approaches.

Socialized medicine is every true liberal’s dream. They believe that if the government can just tax certain people “just a little bit more” that the government can then fund and run a health care system and provide “free” healthcare to everyone. These liberals never seem to want to give consideration to basic economics. Some actually think that doctors, pharmaceutical manufacturers and other health care providers should not be allowed to “profit off of sick people.” They do not understand that the potential reward of profit is one of the greatest drivers behind the innovation and improved technologies that we all benefit from.

A study of the last 250 years or so shows that in free market economies where the rule of law is respected, the selfish pursuit of profit has continually resulted in improved products and services in all areas of human activity. America is one of the greatest examples of this. It is the main reason why the U.S. rose to lead the world in innovation and technology. The benefits to society from the exercise of individual self-interest were masterfully explained by Englishman Adam Smith way back in 1776 in his book Wealth of Nations: “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” Liberals have had well over 200 years to study the truth of Smith’s concept of economic self-interest in a market economy, yet they stubbornly refuse to let the truth get in the way of their utopian fantasies. When governments hinder profit-making in the private sector they strip away an important incentive to produce things and improve things. This will be one of the most tragic consequences as the United States moves towards a single-payer health care system as liberals demand more and more government intervention.

Make no mistake about it – the Affordable Care Act of 2010, which we are now beginning to see the consequences of, is merely a step in the direction of this liberal dream of socialized medicine. But the people who rammed this bad law down our throats failed to mention their real intentions when they were selling the Affordable Care Act to the American people. These deceivers were relying on the gullibility and ignorance of a large body of the American public. And it worked!

As a result of Democratcare, we are now seeing health insurance premiums skyrocket and employer-sponsored health care plans disappear before our very eyes. According to the Health Policy and Marketplace Review website, out of 19 million individually insured people about “16 million (of these) are now receiving letters from their carriers saying they are losing their current coverage and must re-enroll in order to avoid a break in coverage and comply with the new health law’s benefit mandates––the vast majority by January 1(st, 2014). Most of these will be seeing some pretty big rate increases.” To any Affordable Care Act supporter who disputes this claim – I will gladly show them a letter to this effect that my wife and I recently received from our own health insurer.

No one thinks that the health care exchange rollout that officially began on October 1st has been a rousing success either. Actually, by almost all accounts (with the exception of those coming from a few silly propagandists), the rollout of the online exchange has been a complete disaster.

Advertisers are not the only ones who take advantage of human gullibility. A politician who appeals to "hope" manipulates emotions and discourages critical thinking.

Advertisers are not the only ones who take advantage of human gullibility. A politician who appeals to “hope” manipulates emotions and discourages critical thinking.

What happened to all the warm and fuzzy promises made by President Obama and the Democrat leadership in Congress? You know, promises like, “If you like your health care plan, you will be able to keep it,” or, “This law will save a family of four an average of $2500 per year.” Hogwash! Only dummies believed that. Only the “useful innocents” believed that. Some call them “low information voters.” Shame on them for believing it! When “Hope” replaced critical thinking, I knew we are all in trouble.

It is a big mistake to ever believe a politician that makes a promise that someone else will have to keep. That is exactly what Obama and the other Democrat leaders did. You see, this is their duplicitous way of being able to place blame at the feet of someone else when their health care scheme becomes recognized for the disaster that it is.

Here’s how it works: Obama, Pelosi, and Reid et al. promised that their new health care law would make decent health care available to everyone, make it more affordable, and save most people money. They pretended that they had the ability to control health care costs even though they have no personal expertise in the industry they proposed to regulate. They pretended that their 2000 page law would have no adverse effects on the health care industry. It was all sold to the American public like an all-purpose, good-time elixir off of the good Doctor Fuddystuff’s travelling miracle wagon.

Then they get their pet law passed and the technocrats begin the real work of writing the details into the federal code. (Oh, did I forget to mention the special treatment given by the Obama Administration to some of its allies in the form of waivers? How’s that for equal treatment!) Insurance and health care providers must conform to these new complicated regulations or the feds will simply put them out of business. These regulations now total more than 11,000 pages of fine print. How are people entrusted with delivering our health care supposed to make sense of a complex web of regulations like that?[i] It takes an incalculable amount of time and brain power to try to figure this whole mess out. Somebody please tell me – how does that keep costs down? If health care providers have to spend finite resources trying to conform to 11,000 pages of regulations, what resources will they have left to devote to actually doing things like diagnosing and treating sick patients?

Part of the problem is that schools apparently do not teach basic economics anymore. Every business has finite resources. If more resources must be devoted to onerous regulations and government-mandated paperwork, then fewer resources will be available for other things, like time spent treating sick patients or an upgrade to a new cancer-destroying technology.

The truth is we need less government intervention in our health care system, not more. No one in their right mind should want the body that created and hamstrings the U. S. Postal Service – Congress – to be in charge of “bringing down” health care prices. The Post Office recorded a $15.9 billion net loss last fiscal year and expects to record a loss of roughly $6 billion in the current fiscal year. One of the recent proposals made by the Post Office to close its revenue gap is to raise the price of a first class stamp from $.46 to $.49, which of course will only encourage more people to use fewer of the Post Office’s services because as everyone knows there are other alternatives available.

Another frightening thing about the Affordable Care Act is that the Internal Revenue Service will be the main enforcement arm of the law. God help us all.


[i] According to The Fact Checker article (May 15, 2013, The Washington Post), “At the very least, one can point to 10,000 pages of tiny regulatory type regarding the implementation of the Affordable Care Act.” Sourced 10/24/12: http://www.washingtonpost.com/blogs/fact-checker/post/how-many-pages-of-regulations-for-obamacare/2013/05/14/61eec914-bcf9-11e2-9b09-1638acc3942e_blog.html